Governance

SuccessionPlanning

Til Death Do Us Part – Shares and Succession/Estate Planning

As an owner of shares in a private limited company (especially owner-managed companies), are you one of the many who believe that your shares pass automatically under the terms of your will?  If so, read on.  Here we look briefly at how Shareholder Agreements and Articles of Association can affect what happens to shares after …

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Modern Slavery

The U.K. government has provided guidance to organisations about what should go into their transparency statements. Organisations should publish statements on what they have done in respect of their supply chain within 6 months from their year-end. They should also keep previous statements on their websites. The Rt Hon Amber Rudd, MP, Home Secretary explained; …

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Financial Reporting Council (FRC) advice for 2017/18

In its letter of 10 October, the FRC advised Audit Committee Chairs and Finance Directors of areas of investor focus for 2017/2018. The FRC would like to see more factors taken into consideration when preparing the viability statement. At present these are too focused around medium term business plans and seldom include other factors like …

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What to think about when making board decisions

Boards must consider the interest of all stakeholders when they make key decisions for their organisation. The Governance Institute (ICSA) and The Investment Association (IA) have published guidance to help boards weigh up those interests. The guidance acknowledges that there will be different approaches and that one size does not fit all but it sets …

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Would you be a NED?

“As part of their role as members of a unitary board, non-executive directors should constructively challenge and help develop proposals on strategy. Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of performance. They should satisfy themselves on the integrity of financial information and that financial …

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